Brookfield Renewable Corp (BEPC) SEC Filings

Brookfield Renewable Corporation reported Q2 2026 revenue of $1,076 million, up from $952 million a year earlier across hydroelectric, wind and solar operations. Net loss narrowed to $785 million from $1,447 million, with results heavily affected by non‑cash remeasurement of interests held in BRHC and exchangeable shares.

For the first half of 2026, revenue was $1,959 million and net loss $3,087 million. Funds From Operations attributable to the partnership were $299 million in Q2 and $470 million year‑to‑date. Total assets rose to $48,671 million, including $2,760 million of assets held for sale, mainly U.S. hydro and U.S. and Colombian renewable portfolios.

Non‑recourse borrowings totaled $15,500 million, with operating cash flow of $303 million for the first half and cash and equivalents of $756 million. The company executed or agreed sales involving over 1,200 MW of assets, raised $237 million via an at‑the‑market BEPC share program, and later approved plans to combine its partnership and corporate vehicles into a single publicly traded corporation, subject to approvals.

Brookfield Renewable Corporation, Brookfield Renewable Partners L.P. and newly formed Brookfield Renewable Partners Inc. entered into a 21 July 2026 Arrangement Agreement for a court-approved reorganization under the British Columbia Business Corporations Act. The goal is to let BEP unitholders and BEPC shareholders hold their investments through BEP Inc., a British Columbia corporation.

Under the plan, BEP Public Unitholders are entitled to receive one BEP Inc. Class A subordinate voting share per Equity Unit

The transaction requires BEP and BEPC securityholder approvals, an Interim and Final Order from the Supreme Court of British Columbia, and satisfaction of customary conditions. Both the BEP Board and BEPC Board, acting on unanimous committee recommendations and fairness opinions from Scotia Capital Inc., concluded the Arrangement is in their entities’ best interests. The court order is intended to support reliance on Section 3(a)(10) of the U.S. Securities Act for issuing BEP Inc. Class A Shares without SEC registration.

Brookfield Corporation and affiliated entities report beneficial ownership of 44,813,835 Brookfield Renewable Corporation (BEPC) Class A exchangeable subordinate voting shares, representing 24.1% of the 150,879,577 BEPC Shares outstanding as of July 21, 2026. This total includes BEPC Shares issuable upon exchange of Class A.2 exchangeable non-voting shares, which are subject to an Ownership Cap currently permitting exchange of up to 15,838,188 Class A.2 Shares into BEPC Shares. Brookfield Renewable Partners L.P. and its affiliates beneficially own all of BEPC’s Class B multiple voting shares, representing a 75% voting interest.

The amendment also describes a proposed transaction under a court-approved plan of arrangement to convert Brookfield Renewable Partners L.P. (BEP) and BEPC into a single Canadian public corporation, BEP Inc. All BEPC Shares, L.P. Units, Class A.2 Shares and certain partnership units would be exchanged on a one-for-one basis for BEP Inc. Class A shares. Based on current ownership, Brookfield and its subsidiaries are expected to own 305,366,071 BEP Inc. Class A Shares (about 44.9% of that class, or 57.7% if the BEPC Share Exchange does not occur) and 30,014 BEP Inc. Class B Shares, representing 100% of that class. Completion is subject to security holder and court approvals, with meetings scheduled for October 14, 2026 and anticipated closing in the fourth quarter of 2026.

Brookfield Renewable Corporation is convening a virtual special meeting of security holders on October 14, 2026. Security holders of its voting securities as of August 21, 2026 will be the record holders for both notice of the meeting and, if applicable, voting.

The beneficial ownership determination date is also August 21, 2026. Notice-and-access will be used for proxy-related materials for both registered and beneficial holders, with Computershare acting as agent in connection with the meeting arrangements.

Brookfield Renewable Corporation reported the results of its June 17, 2026 annual shareholder meeting, held virtually. All eight management-nominated directors were elected, each receiving more than 91% of votes cast, with most above 98% support.

Shareholders also reappointed Ernst & Young LLP as external auditor with 99.91% of votes in favor. The meeting had strong participation, with 76.08% of class A exchangeable subordinate voting shares and 100% of class B multiple voting shares represented.

Brookfield Renewable Corporation has released its 2026 management information circular and proxy materials for a virtual-only annual meeting on June 17, 2026 at 9:00 a.m. EDT. Shareholders will vote on eight director nominees and the reappointment of Ernst & Young LLP as external auditor.

The circular highlights 2025 Funds From Operations of $628 million, balance sheet strengthening through asset-level financings, and a quarterly dividend increase of over 5% to $0.392 per share approved in January 2026. Brookfield and its partnership entities collectively control about 79% of voting power through class B shares and exchangeable shares.

Brookfield Renewable Corporation reported Q1 2026 revenue of $883 million, slightly below $907 million a year earlier, and a net loss of $2,302 million versus a loss of $5 million in 2025.

The loss was driven mainly by non‑cash remeasurements of interests held in BRHC by the partnership of $(1,102) million and BEPC and class A.2 exchangeable shares of $(933) million, plus a $(70) million foreign exchange and financial instruments loss. Operating cash flow before working capital was positive, and cash from operating activities after working capital changes was $57 million.

The company is actively recycling capital, including a completed sale of a 25% interest in a 403 MW U.S. hydro portfolio for about $230 million ($111 million net) and agreed sales of a 132 MW U.S. wind and solar portfolio for about $89 million ($57 million net) and the remaining 50% of the 403 MW U.S. hydro portfolio for up to $522 million ($249 million net), subject to closing conditions.

Non‑recourse borrowings were $15,072 million with a 7.1% weighted‑average interest rate, while property, plant and equipment at fair value totaled $38,456 million. During the quarter, BEPC established a $400 million at‑the‑market equity program and issued 2,776,796 BEPC exchangeable shares for gross proceeds of about $115 million.

Brookfield Renewable Corporation has scheduled its Annual General Meeting of security holders as a virtual meeting on June 17, 2026. The record date for notice and voting, as well as the beneficial ownership determination date, is April 27, 2026.

The company will use notice-and-access procedures for both registered and beneficial holders and will pay for delivery of proxy-related materials to objecting beneficial owners. Computershare is acting as agent in connection with the meeting arrangements.

Brookfield Renewable Corporation filed its annual Form 20-F for the year ended December 31, 2025. The report notes 144,885,110 Class A exchangeable subordinate voting shares and 43,661 Class B multiple voting shares outstanding as of that date.

The filing defines key terms across its complex partnership and corporate structure, explains extensive forward-looking statement disclosures, and describes use of non-IFRS measures such as Adjusted EBITDA and Funds From Operations. It also provides a detailed summary of risk factors covering operations, financing, growth strategy, the relationship with Brookfield, BEPC exchangeable shares and taxation.